2-bedroom flat · LN6 7ST
For saleListed 47 days
Opportunity summary
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About
An immaculate Two Bedroom First Floor Apartment, delightfully positioned within the sought after Home Grange retirement development, just off Boultham Park Road.
Beautifully presented throughout, the apartment offers stylish and generously proportioned accommodation, perfectly suited to modern, low maintenance living.
The accommodation comprises a welcoming entrance hall, spacious and light filled open plan living, kitchen and dining area, with the kitchen fitted with a range of integrated appliances and useful breakfast bar, opening into a bright and welcoming living space with Juliet balcony and attractive views over Boultham Park.
There are two well proportioned bedrooms and a modern shower room.
Outside, residents can enjoy the beautifully maintained and secure communal gardens, providing a peaceful setting in which to relax and enjoy the outdoors, together with a communal car park.
The development also offers an excellent range of shared facilities, including two communal lounges, a communal kitchen and a bookable guest suite, providing additional space and convenience for residents and their visitors.
Available exclusively to purchasers aged 55 and over, Home Grange combines comfort, security and contemporary living within a desirable setting.
With excellent access to public transport, local amenities and nearby Boultham Park, this impressive apartment represents an excellent opportunity for those seeking a well appointed, secure and conveniently located retirement home.
LOCATION Boultham Park is a popular and beautifully landscaped public park situated to the south of Lincoln city centre.
The park offers a peaceful green setting with extensive open lawns, mature trees, attractive gardens and a picturesque lake, providing an excellent choice for walking, jogging and enjoying the outdoors.
With a range of recreational facilities, play areas and pleasant walking routes, Boultham Park is a valued local amenity and a particularly appealing feature for families and those looking to enjoy green space close to the city.
COMMUNAL ENTRANCE With lift and staircase to all floors, access to communal lounge and gardens. ENTRANCE HALL With storage cupboard and intercom system.
OPEN PLAN LIVING KITCHEN DINER 19' 2" x 18' 4" (5.86m x 5.61m) A superb open plan living, kitchen and dining space, thoughtfully designed to create a bright and sociable space.
The kitchen area is fitted with a range of wall and base units with work surfaces over, incorporating an undermount 1 bowl sink with side drainer and mixer tap over, integrated fridge freezer and washer dryer, eye level electric oven and electric hob with extractor over.
A breakfast bar provides a useful dining area, while the adjoining living space is flooded with natural light from the double glazed Juliet balcony and feature double glazed corner window, enjoying attractive views over Boultham Park.
An airing cupboard houses the gas fired central heating boiler, with radiator heating throughout.
BEDROOM 1 13' 5" x 11' 0" (4.10m x 3.36m) With double fitted wardrobe, double glazed window and radiator. BEDROOM 2 11' 3" x 9' 3" (3.45m x 2.84m) With double glazed window and radiator.
SHOWER ROOM 10' 4" x 5' 11" (3.17m x 1.81m) Fitted with a modern three piece suite comprising of walk-in shower cubicle, close coupled WC and pedestal wash hand basin, chrome towel radiator, tiled flooring and part tiled walls.
OUTSIDE There is a communal car park providing off-street parking on a first come first served basis. The property benefits from beautiful secure communal gardens.
COMMUNAL AREAS The development has two communal lounges, a communal kitchen, and a guest suite.
LEASEHOLD INFORMATION Length of Lease - 999 years from 15 March 2018 Years Remaining on Lease - 991 years Annual Ground Rent - £ TBC Ground Rent Reviewed - Annually in TBC Annual Service Charge Amount - £259.14 Service Charge Reviewed - Annually in TBC All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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